$8-Million Loan for SafeGuard Health

SafeGuard Health Enterprises Inc., an Aliso Viejo managed dental care company, said Friday that it has received an $8-million loan from an investor group, which will convert the debt into shares once regulators approve. The investor group includes the family trust of the company’s chairman, Steven J. Baileys. It also consists of CAI Partners, Jack R. Anderson and lenders Silicon Valley Bank and John Hancock Life Insurance Co. When the exchange is completed, the bank and John Hancock will own about 63%, the rest of the investor group will own 23% and existing shareholders will own the rest. The board also was reconstituted to include Anderson and two others from the investor group. Baileys remains as chairman.